Search found 6148 matches

by Fallible
Tue Feb 20, 2018 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 245
Views: 15856

Re: free dinner investing seminar

... I'm not sure on the loophole. (but I'll express an opinion anyway) I "think" that only retirement accounts are required to be to a fiduciary standard. That was was the Fast eddie guy explained last year w/my MIL. So those accounts in taxable are free game. Here's the BH wiki page on "Investment...
by Fallible
Tue Feb 20, 2018 8:16 pm
Forum: Investing - Theory, News & General
Topic: Staying Motivated: How do you ward off hopelessness?
Replies: 59
Views: 6891

Re: Staying Motivated: How do you ward off hopelessness?

Bogleheads....A question for this group. How do you deal with 'flagging motivation', or a sense that your financial goal is insurmountable, and cannot be achieved? Or dealing with the feeling that no matter how hard you try, it might be hopeless? ... Is the motivation just about your financial goal...
by Fallible
Tue Feb 20, 2018 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 245
Views: 15856

Re: free dinner investing seminar

I'm not adverse to a free steak dinner and I can see through most scams pretty quickly. However, the reason I don't go to these things is that they are always depressing to me. First, there are the others in the audience who through fear, greed (or too much steak!) will sometimes fall for these thi...
by Fallible
Mon Feb 19, 2018 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 245
Views: 15856

Re: free dinner investing seminar

I started this thread with the question for a friend, but now I've received an invitation (Same Ruth's Chris) and I'm temped to go because there is a new twist. ... It's time to receive a second opinion from a fiduciary. Jim and Dan provide advice in their capacities as Fiduciaries. A fiduciary has...
by Fallible
Mon Feb 19, 2018 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 245
Views: 15856

Re: free dinner investing seminar

I started this thread with the question for a friend, but now I've received an invitation (Same Ruth's Chris) and I'm temped to go because there is a new twist. ... It's time to receive a second opinion from a fiduciary. Jim and Dan provide advice in their capacities as Fiduciaries. A fiduciary has...
by Fallible
Mon Feb 19, 2018 6:42 pm
Forum: Investing - Theory, News & General
Topic: First Hand Look at Complexity
Replies: 6
Views: 636

Re: First Hand Look at Complexity

Due to family squabbles a relative now has fiduciary handling its money. Uncomfortable with making investment choices they had the account which was already at a brokerage become managed by their advisors. I saw the first statement and the AA was bit aggressive but ok for the age of the person. Wha...
by Fallible
Mon Feb 19, 2018 4:34 pm
Forum: Investing - Theory, News & General
Topic: What seems to matter
Replies: 25
Views: 3533

Re: What seems to matter

Thanks for an excellent list of what matters. The last line sums it up nicely:

"Doing simple things very well can often take you further than trying to do complex things less well."
by Fallible
Sat Feb 17, 2018 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 245
Views: 15856

Re: free dinner investing seminar

I can't believe how uptight you folks are. Do you think that you will be locked in a room and held hostage until you agree to meet with the salesperson?... The concern is for folks who go into these seminars vulnerable to sales pitches because they are poorly informed about investing and investing ...
by Fallible
Sat Feb 17, 2018 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 164
Views: 10745

Re: What has been your most important skill in achieving financial independence?

I'm 22 years old, beginning my career and I'm curious to hear from other people closer to financial independence what have been some of the most important "non-financial" skills they attribute to their FI.... Curiosity and a love of learning (probably more traits than acquired skills) were among ba...
by Fallible
Fri Feb 16, 2018 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 245
Views: 15856

Re: free dinner investing seminar

... This pitch was "retirement planning" (really just financial planning). ... The didn't indicate specific fees, but I'm guessing that it would be a typical x% of AUM and their commissions on any insurance products. ... I wouldn't expect them to announce their fees and costs without being asked. D...
by Fallible
Fri Feb 16, 2018 3:06 pm
Forum: Investing - Theory, News & General
Topic: How Not to Get Rich - Mark Twain
Replies: 17
Views: 3437

Re: How Not to Get Rich - Mark Twain

By the end of his life, Twain seemed to understsnd his problem - and humanity's:
When you remember we are all mad, the mysteries disappear and life stands explained.
by Fallible
Wed Feb 14, 2018 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 245
Views: 15856

Re: free dinner investing seminar

Here's a FINRA (Financial Industry Regulatory Authority) alert posted a few years ago on free seminars: Investor Alerts "Free Lunch" Investment Seminars—Avoiding the Heartburn of a Hard Sell Investors frequently get invited to free seminars that promise to educate them about investing strategies or ...
by Fallible
Tue Feb 13, 2018 3:03 pm
Forum: Investing - Theory, News & General
Topic: Help me get my friends started
Replies: 6
Views: 530

Re: Help me get my friends started

Welcome and congratulations to you and your husband for getting off to a great start! Books and a wiki page I've recommended (after being asked!) to young relatives are William Bernstein's "If You Can," and the "Getting Started" page in the Bogleheads' wiki. https://www.etf.com/docs/IfYouCan.pdf htt...
by Fallible
Tue Feb 13, 2018 1:50 pm
Forum: Investing - Theory, News & General
Topic: Day trading for a living/career?
Replies: 95
Views: 6648

Re: Day trading for a living/career?

I guess you could say my husband "day trades" for a career. Not to brag, but this is his profile: - Graduate degree from MIT in computer science and math - 15 years of trading experience at major banks / investment houses - Support from whole teams of people who specialize in making sure he has the...
by Fallible
Tue Feb 13, 2018 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 160
Views: 11175

Re: Did you learn anything from the market correction?

After 30 years in the market beginning with the '87 crash, I doubt there is much more to learn about human behavior with money. It seemed even the best financial writers were a bit bored with the latest correction, maybe because it, or something, had been expected for so long.
by Fallible
Mon Feb 12, 2018 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 245
Views: 15856

Re: free dinner investing seminar

DrGoogle2017 wrote:
Mon Feb 12, 2018 4:23 pm
I don’t like to eat steak anyway, so steak dinner is not that exciting to me, now if it’s a big free lobster dinner then I might entertain it.
For free lobster, I probably still wouldn't go, but I'd sure think hard about it. :-)
by Fallible
Sun Feb 11, 2018 11:53 pm
Forum: Investing - Theory, News & General
Topic: how did you determine your risk tolerance?
Replies: 112
Views: 5718

Re: how did you determine your risk tolerance?

These two paragraphs from Larry Swedroe's blog on willingness to take risk (risk tolerance) makes it clear that it is about understanding and controlling emotions. The first step in finding your willingness to take risk is to take what I refer to as the “stomach acid” test. Ask yourself this questio...
by Fallible
Sun Feb 11, 2018 9:31 pm
Forum: Investing - Theory, News & General
Topic: How does one emotionally keep it together during market swings?
Replies: 70
Views: 4123

Re: How does one emotionally keep it together during market swings?

... To those believing education is key are not completely correct. I believe it was Richard Thaler's co author on one of his books that wrote to him when the markets were shuddering saying he was getting jittery and was ready to pull out. I think Mr. Thaler's response was go re read the book we ju...
by Fallible
Sun Feb 11, 2018 7:22 pm
Forum: Investing - Theory, News & General
Topic: How does one emotionally keep it together during market swings?
Replies: 70
Views: 4123

Re: How does one emotionally keep it together during market swings?

thanks I just read some of your first posts on the forum which seem to show you are unusually well off for your age yet wrestle with substantial worries about the market. Here's one of those posts: "I have this fear like what if the markets go down and stay down. I'm very afraid of the system no lo...
by Fallible
Sun Feb 11, 2018 1:58 pm
Forum: Investing - Theory, News & General
Topic: how did you determine your risk tolerance?
Replies: 112
Views: 5718

Re: how did you determine your risk tolerance?

i just took vanguard's test: https://personal.vanguard.com/us/FundsInvQuestionnaire it's telling me to be 100% in stocks which i think it's absolutely insane. There is more information on the downsides to risk tolerance questionnaires and also links to Larry Swedroe's three blogs on need, ability, ...
by Fallible
Sat Feb 10, 2018 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Allegedly worst week since 2008: Time to revisit AA?
Replies: 10
Views: 1140

Re: Allegedly worst week since 2008: Time to revisit AA?

We are in mid 30s but have a 50/50 AA due to being pretty risk adverse and just for easy math. So far it's been working for us, but recent stock downturn has us thinking. I just read this could be the worst week since 2008. Back then we did have money in the market, but our net worth overall was ne...
by Fallible
Sat Feb 10, 2018 1:36 pm
Forum: Investing - Theory, News & General
Topic: Day trading for a living/career?
Replies: 95
Views: 6648

Re: Day trading for a living/career?

... My question for this thread stems from, I have the opportunity to meet and speak with a successful day trader who makes his living doing this. ... I think with an aggressive learning period and watching and l earning from someone who is successful at it , one could possibly have a shot to be a ...
by Fallible
Thu Feb 08, 2018 4:45 pm
Forum: Investing - Theory, News & General
Topic: How to deal with regret
Replies: 87
Views: 7421

Re: How to deal with regret

About one year ago I invested quite a large sum of money in stocks over a few month period. Now I am seeing the gains being rapidly wiped out and I fear that I will soon begin to see some losses. Lauretta: In the past months, you have come on here asking (pumping?) about bitcoin, discussing (advoca...
by Fallible
Thu Feb 08, 2018 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 245
Views: 15856

Re: free dinner investing seminar

I went to one of these dinners one time. They served the dinner first, before the presentation. Of course the presentation was full of really great outcomes for your money. But, that was it. They gave out contact info. It was up to you to decide whether to call of not to set up an appt. There was n...
by Fallible
Thu Feb 08, 2018 1:46 pm
Forum: Personal Consumer Issues
Topic: Laughter is the Best Medicine - What makes you Laugh?
Replies: 105
Views: 5632

Re: Laughter is the Best Medicine - What makes you Laugh?

Here's the first thing I thought of when I saw this thread: a great satire on the high cost of funerals with flawless timing from the great Mike Nichols and Elaine May (appearing on the old Jack Paar show). https://www.youtube.com/watch?v=cLkuNnnp89g Thank you for that I laughed just now and laughe...
by Fallible
Thu Feb 08, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 245
Views: 15856

Re: free dinner investing seminar

... The most common characteristic of these charlatans is their ability to instill fear in the audience. ... [/quote] Many of those attending will be fearful going in, but in case they aren't, this seminar's agenda appears designed to do the job, probably including or starting off with the latest m...
by Fallible
Wed Feb 07, 2018 6:03 pm
Forum: Investing - Theory, News & General
Topic: Stock Market Didn't Get Tested You Did - WSJ Zweig
Replies: 20
Views: 3758

Re: Stock Market Didn't Get Tested You Did - WSJ Zweig

Anyone who thinks this little 2-day drop was any kind of "test" of their risk tolerance is just plain deluded. I'd guess that most of the bozos running around out there didn't even notice it until it was over. Think about a grinding 50%+ loss in your equity portfolio that doesn't end for months or ...
by Fallible
Wed Feb 07, 2018 4:53 pm
Forum: Investing - Theory, News & General
Topic: Stock Market Didn't Get Tested You Did - WSJ Zweig
Replies: 20
Views: 3758

Re: Stock Market Didn't Get Tested You Did - WSJ Zweig

Thanks for the article. Zweig is among top financial authors I turn to when the market goes mad if only to be reassured and reminded of what I already know - think long term, stay the course. I sought the same reassurance in the '90s and early '00s with Jonathan Clements when he was a WSJ columnist....
by Fallible
Wed Feb 07, 2018 3:02 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 4 Horsemen Of Your Portfolio
Replies: 108
Views: 10434

Re: Larry Swedroe: 4 Horseman Of Your Portfolio

Save more. If you can not save more, spend less. One can only do what they can, if they can't then we will have to do without or rely on the kindness of others. In preparation for retirement and now in retirement, I've read many articles and books on the issues Larry writes of, and your post here s...
by Fallible
Tue Feb 06, 2018 8:28 pm
Forum: Investing - Theory, News & General
Topic: Market Timing
Replies: 71
Views: 3637

Re: Market Timing

In his book, The Devil's Financial Dictionary , WSJ columnist Jason Zweig says backtesting can provide important information on how an investment approach worked in the past, but that too often it is "designed to find any technique ... that beat the market over some period, no matter how unusual th...
by Fallible
Tue Feb 06, 2018 8:05 pm
Forum: Investing - Theory, News & General
Topic: Market Timing
Replies: 71
Views: 3637

Re: Market Timing

In his book, The Devil's Financial Dictionary , WSJ columnist Jason Zweig says backtesting can provide important information on how an investment approach worked in the past, but that too often it is "designed to find any technique ... that beat the market over some period, no matter how unusual th...
by Fallible
Tue Feb 06, 2018 7:41 pm
Forum: Personal Consumer Issues
Topic: Laughter is the Best Medicine - What makes you Laugh?
Replies: 105
Views: 5632

Re: Laughter is the Best Medicine - What makes you Laugh?

Calvin & Hobbes and The Far Side comics. They never get old. Add to that Cul de Sac. It is about prekindergarten kids. Unfortunately the artist (Richard Thompson) had to quit due to Parkinson's. Bertilak, I can sadly report that Thompson died of Parkinson's complications about two years ago, age 58...
by Fallible
Tue Feb 06, 2018 3:13 pm
Forum: Personal Consumer Issues
Topic: Laughter is the Best Medicine - What makes you Laugh?
Replies: 105
Views: 5632

Re: Laughter is the Best Medicine - What makes you Laugh?

Calvin & Hobbes and The Far Side comics. They never get old. Add to that Cul de Sac. It is about prekindergarten kids. Unfortunately the artist (Richard Thompson) had to quit due to Parkinson's. Bertilak, I can sadly report that Thompson died of Parkinson's complications about two years ago, age 58...
by Fallible
Tue Feb 06, 2018 2:59 pm
Forum: Investing - Theory, News & General
Topic: Market Timing
Replies: 71
Views: 3637

Re: Market Timing

It is generally held that you cannot beat the market by timing it. Based on my studies, this appears to be true. Congrats! Good thing to realize. That being said, Uh oh. it seems to me that market timing (using a double moving average cross-over system) is worthwhile on a risk-adjusted basis. Yawn....
by Fallible
Tue Feb 06, 2018 1:22 pm
Forum: Investing - Theory, News & General
Topic: Market Timing
Replies: 71
Views: 3637

Re: Market Timing

Bogleheads.org "Investing Advice Inspired By John Bogle" The Bogleheads® Philosophy Develop a workable plan Invest early and often Never bear too much or too little risk Never try to time the market Use index funds when possible Keep costs low Diversify Minimize taxes Keep it simple Stay the course...
by Fallible
Mon Feb 05, 2018 6:48 pm
Forum: Investing - Theory, News & General
Topic: A time to EVALUATE your jitters
Replies: 245
Views: 190306

Re: A time to EVALUATE your jitters

eainge wrote:
Mon Feb 05, 2018 5:08 pm
Everyone have their seat belts fastened?
The time to fasten the seat belts is right after an asset allocation based on need, willingness, and ability to take risk is set and an IPS written.
by Fallible
Sun Feb 04, 2018 9:28 pm
Forum: Investing - Theory, News & General
Topic: Is this a form of Market Timing?
Replies: 36
Views: 2226

Re: Is this a form of Market Timing?

Assume one has a deductible IRA balance that he wants converted to a Roth. Would it be considered trying to "time the market" to wait for a market downturn to decrease the balance and pay lower taxes? You are market timing, but another question is how long you are willing to wait. Another is what y...
by Fallible
Sun Feb 04, 2018 5:15 pm
Forum: Investing - Theory, News & General
Topic: Is this a form of Market Timing?
Replies: 36
Views: 2226

Re: Is this a form of Market Timing?

Why do you ask? Maybe a better question to ask is "Is this a behavioral finance error?" Rick Ferri wrote about market timing and behavioral error in this article, but I'm not sure how it might apply here: I divide market timing into two types: intentional timing and unintentional timing. Intentiona...
by Fallible
Sun Feb 04, 2018 4:51 pm
Forum: Investing - Theory, News & General
Topic: Is this a form of Market Timing?
Replies: 36
Views: 2226

Re: Is this a form of Market Timing?

Assume one has a deductible IRA balance that he wants converted to a Roth. Would it be considered trying to "time the market" to wait for a market downturn to decrease the balance and pay lower taxes? You are market timing, but another question is how long you are willing to wait. Another is what y...
by Fallible
Sun Feb 04, 2018 12:27 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2858
Views: 895326

Re: What Book Are You Currently Reading? Part VI

Don Quixote by Miguel de Cervantes, translated into English by Edith Grossman. Reputed to be the greatest novel of all time, in any language, and this is supposed to be one of the best English translations. (I'm studying Spanish but am not proficient enough to read it in the original, and certainly...
by Fallible
Thu Feb 01, 2018 5:59 pm
Forum: Investing - Theory, News & General
Topic: When did the bad news start in 2008?
Replies: 135
Views: 12683

Re: When did the bad news start in 2008?

There's really no need to rely solely on memory, sometimes faulty, of financial crisis dates. For quick reference, there are comprehensive timelines in Wikipedia:

https://en.m.wikipedia.org/wiki/Subprim ... _of_events
by Fallible
Thu Feb 01, 2018 1:59 pm
Forum: Investing - Theory, News & General
Topic: Is changing AA considered market timing?
Replies: 37
Views: 1533

Re: Is changing AA considered market timing?

Suppose I have a 90:10 stock bond allocation. If I think that market is too overvalued right now and if I want to change the future contributions to be allocated 50:50, with hopes that if the market tanks again, i can change AA again to a more aggressive one, will this be considered an attempt to t...
by Fallible
Tue Jan 30, 2018 3:08 pm
Forum: Investing - Theory, News & General
Topic: When did the bad news start in 2008?
Replies: 135
Views: 12683

Re: When did the bad news start in 2008?

[ ... There were reports of serious problems well before August. The term "subprime crisis" was already in the news in the spring of 2007: https://www.npr.org/templates/story/story.php?storyId=9085408 The article even notes fear that subprime defaults could impact the overall banking system. It's ju...
by Fallible
Sat Jan 27, 2018 10:11 pm
Forum: Investing - Theory, News & General
Topic: In what ways could BogleHeads be badly wrong ?
Replies: 237
Views: 20633

Re: In what ways could BogleHeads be badly wrong ?

OK, #3 does sometimes bother me as well, though for perhaps the opposite reason as your example. I never liked "ability to sleep at night" as a criteria for setting asset allocation. It seems to me that education is a better solution than going with a "gut feeling" emotional response. I find the fr...
by Fallible
Fri Jan 26, 2018 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: Don't market time...i know, i know.
Replies: 34
Views: 4542

Re: Don't market time...i know, i know.

I have a retirement date about 2 yrs from now. The markets are beyond my wildest imagination; more in my nest egg than I need. Is there a way to 'set some aside'? Sure, flame me, but I've been an invest and hold guy for 30 yrs. Never touched my 95% equities holdings even during 2007 era. Now stocks...
by Fallible
Fri Jan 26, 2018 8:07 pm
Forum: Investing - Theory, News & General
Topic: When did the bad news start in 2008?
Replies: 135
Views: 12683

Re: When did the bad news start in 2008?

... OP- when everyone (including the shoe boy) thinks that they can't lose in the market and that they will be rich soon, that's when it's bad news. Or when everyone starts thinking housing can only go up, up, up - an example of irrational exuberance that probably began in the early 2000s (at least...
by Fallible
Fri Jan 26, 2018 5:49 pm
Forum: Investing - Theory, News & General
Topic: When did the bad news start in 2008?
Replies: 135
Views: 12683

Re: When did the bad news start in 2008?

Hello All, Long-time lurker here and have been learning a lot from everyone in this forum, so thank you. I got into investing in Q3 last year with a simple 80/20 stocks/bonds portfolio and have been extremely happy with the returns so far in this extremely bullish market. I understand that the long...
by Fallible
Fri Jan 26, 2018 9:36 am
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota BH Seasonal Main Meeting 1-27-18
Replies: 5
Views: 710

Re: Minnesota BH Seasonal Main Meeting 1-27-18

Agree the agenda looks great, with many learning opportunities on a variety of important investing topics. :thumbsup
by Fallible
Thu Jan 25, 2018 8:15 pm
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday, Taylor!
Replies: 84
Views: 4128

Re: Happy Birthday, Taylor!

Happy Birthday, Taylor, and thanks for reminding us of the "Majesty of simplicity."
by Fallible
Thu Jan 25, 2018 8:03 pm
Forum: Personal Consumer Issues
Topic: Could meditation help deal with market distress?
Replies: 32
Views: 1792

Re: Could meditation help deal with market distress?

Mediation is often sold as a way of coping with stress, of learning to detach oneself from ones emotions (observe them, acknowledge them, then let them go). I'm wondering whether it might have some utility in a bear market to deal with the emotional distress caused by seeing half of your portfolio ...